WTO Members Say US Actions Threaten Trade Body’s Credibility
Nearly 50 countries expressed concern on Tuesday about the "serious threat" to the World Trade Organization posed by unilateral trade actions, a pointed reference to U.S. import tariffs that have caused a global outcry. Delivering concluding remarks after a two-day informal meeting of the WTO members in New Delhi, Indian Trade Minister Suresh Prabhu did not refer to the United States by name. He said members expressed deep concern over the "serious threat" posed to the credibility of the WTO, particularly on its principle of "non-discrimination" following the cycle of recent unilateral trade measures. "In some interventions, the need for WTO members taking urgent and coordinated action to address the underlying issues was highlighted," Prabhu said. "It was recognized by almost all the participants that it is the collective responsibility…